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Employee Benefits in Poland, 2022 Update - Key Regulations, Statutory Public and Private Benefits, and Industry Analysis

Publisher GlobalData
Published Feb 11, 2022
Length 54 Pages
SKU # GBDT17169796

Description

Employee Benefits in Poland, 2022 Update - Key Regulations, Statutory Public and Private Benefits, and Industry Analysis

Summary

The report provides in-depth industry analysis, information, and insights of the employee benefits in Poland, including an overview of the state and compulsory benefits in Poland, detailed information about the private benefits in Poland, insights on various central institutions responsible for the administration of the different branches of social security and the regulatory framework of the employee benefits in Poland.

Key Highlights
  • The Open pension funds, ZUS, Regional Health Funds, Soical Welfare institution, and National Health FUnd (NHZ) organizations are responsible for the functioning of the overall social security system
  • A person’s national insurance contribution is determined based on their income
  • An insured person who is unemployed or unable to work and whose benefits have been exhausted is entitled to credited contribution
  • In Poland, employers provide voluntary retirement benefits to their employees through Pension Retirement Scheme (PPE), Employee’s Capital Pension Scheme (PPK), and Individual Pension Plans (IKE) and Individual Retirement Security Account (IKZE)
Poland has a well-developed social security system that covers the risks of employees, self-employed persons, and their family members. Poland has two special insurance schemes -
  • The Social Insurance Institution (Zakład Ubezpieczeń Społecznych- ZUS), established on October 24, 1934
  • The Agricultural Social Insurance Fund (Kasa Rolniczego Ubezpieczenia Społecznego - KRUS)
  • ZUS is the Polish state organization responsible for the social insurance benefits of employees, and KRUS is the Polish social insurance fund that provides benefits to farmers. ZUS is supervised by the Ministry of Family and Social Policy and is responsible for sickness and maternity cash benefits, as well as pensions for retirement, invalidity, survivors, accidents at work, and occupational diseases.
  • ZUS is also responsible for the collection of social insurance and health insurance contributions, as well as contributions to the Labour Fund (Fundusz Pracy) and the Guaranteed Employee Benefits Fund (Fundusz Gwarantowanych Świadczeń Pracowniczych). The pension system in Poland was reformed in 1999, which replaced the pay-as-you-go (PAYG) retirement system with a three-pillar retirement system, comprising Pension Institutions, Open Pension Funds, and Voluntary Occupational Pensions.
Scope

This report provides a detailed analysis of employee benefits in Poland -
  • It offers a detailed analysis of the key government-sponsored employee benefits, along with private benefits
  • It covers an exhaustive list of employee benefits, including retirement benefits, death in service, long-term disability benefits, medical benefits, workmen's compensation insurance, maternity and paternity benefits, family benefits, unemployment, grant-in-aid, social relief distress, compensation, leaves and holidays and private benefits
  • It highlights the economic and regulatory situations relating to employee benefits in Poland
Reasons to Buy
  • Make strategic decisions using in-depth information related to employee benefits in the country
  • Assess employee benefits of the market, including state and compulsory benefits and private benefits
  • Gain insights into the key employee benefit schemes offered by private employers in the country
  • Gain insights into key organizations governing employee benefits market, and their impact on companies

Table of Contents

54 Pages

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